Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Shares Up 1% – Time to Buy?

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) shares rose 1% on Thursday . The company traded as high as $28.30 and last traded at $28.30. Approximately 11,685 shares changed hands during trading, a decline of 69% from the average daily volume of 37,971 shares. The stock had previously closed at $28.02.

Canadian Apartment Properties Real Estate Investment Trust Stock Up 1.0 %

The firm’s 50 day moving average is $28.94 and its two-hundred day moving average is $33.59.

Canadian Apartment Properties Real Estate Investment Trust Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.0908 per share. The ex-dividend date is Friday, February 28th. This is a positive change from Canadian Apartment Properties Real Estate Investment Trust’s previous dividend of $0.09. This represents a yield of 3.8%. Canadian Apartment Properties Real Estate Investment Trust’s dividend payout ratio is currently 39.43%.

About Canadian Apartment Properties Real Estate Investment Trust

CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at December 31, 2023, CAPREIT owns approximately 64,300 residential apartment suites, townhomes and manufactured home community sites that are well-located across Canada and the Netherlands, with approximately $16.5 billion of investment properties in Canada and Europe.